First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Short Interest Down 60.5% in May

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 5,888 shares, a decline of 60.5% from the May 14th total of 14,913 shares. Based on an average daily trading volume, of 45,056 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Up 0.2%

Shares of FEMS traded up $0.08 during midday trading on Friday, hitting $46.25. The company had a trading volume of 9,684 shares, compared to its average volume of 31,339. The stock has a market cap of $256.69 million, a price-to-earnings ratio of 8.10 and a beta of 0.49. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 52 week low of $39.07 and a 52 week high of $49.49. The company’s 50 day moving average price is $47.10 and its 200 day moving average price is $45.41.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.3033 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FEMS. Fifth Third Bancorp acquired a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the first quarter valued at approximately $41,000. Geneos Wealth Management Inc. grew its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,066 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 533 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the fourth quarter worth approximately $68,000. Sankala Group LLC bought a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the fourth quarter worth approximately $93,000. Finally, Stonehaven Wealth & Tax Solutions LLC bought a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the fourth quarter worth approximately $206,000.

First Trust Emerging Markets Small Cap AlphaDEX Fund Company Profile

The First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) is an exchange-traded fund that is based on the NASDAQ AlphaDEX EM Small Cap index. The fund aims to outperform other index funds by selecting small-cap emerging markets securities using quantitative metrics. FEMS was launched on Feb 15, 2012 and is managed by First Trust.